The technical charts of many individual gold stocks and the Market Vectors Gold Miners ETF (NYSEArca: GDX) now show that gold mining shares have cleared recent resistance and look like they’re headed higher—for a while, anyway.

I’ve noted a number of times recently that in a market where trends don’t last all that long, investors don’t want to fall in love with any stock. An ETF, since it’s just a vehicle that tracks an index, is somehow less loveable. Which is why I’m picking it here over any individual gold stock. This ETF also holds shares of some silver miners, and silver (as well as platinum) right now is outpacing gold, so this pick gives me a way to gain a little extra lift.

I’m setting a very tight target price of $52 and a very short time horizon of August for this pick. (It traded above $48 early Thursday afternoon.) If and when the ETF hits that target, I’ll re-evaluate.

Full disclosure: I don’t own any shares of any company or ETF mentioned in this post.